Dell: Cannon to get $10 million severance

LONDON (MarketWatch) -- Dell Inc.
dell
said in a filing to the Securities and Exchange Commission that Michael Cannon, who will leave as president of global operations at the end of the month, will receive a $10 million cash severance payment, with $5 million paid on or before Feb. 20. In addition, Cannon will receive a $1.5 million consulting fee. Mark Jarvis, who's leaving his role as chief marketing officer, will receive 12 months base salary and a target bonus.

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